CITIC Securities: Tech giants are vying to lay out plans, and space computing power is gradually becoming a consensus

CITIC Securities research report believes that computing power satellites, as a new infrastructure for computing power, are gradually advancing in the global industrialization process, with domestic policy details being introduced to lead the way. Overseas, technology giants are competing to layout, and space computing power is gradually becoming a consensus. Domestically, the launch of computing power constellations is accelerating, and the industrialization process is speeding up. From the perspective of national policy, the National Space Administration has issued the "Action Plan for Promoting High-Quality and Safe Development of Commercial Space (2025-2027)," with further clarification of details. It is recommended to pay attention to related targets of computing power satellites